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AreaScore

Housing and jobs

Housing costs, rents, incomes and jobs in South Stormont, with comparisons and sources.

Affordability

39 · Below average
Average monthly rent$1,094/month

ON: $1,408/month · Canada: $1,209/month · 2006: $886/month · 2016: $1,129/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$956/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,082/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,276/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,352/month

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$348,000

ON: $700,000 · Canada: $472,000 · 2016: $251,599 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing10.8%

ON: 24.2% · Canada: 20.9% · 2006: 17.5% · 2016: 16.9% · Statistics Canada, 2021

Economy

60 · Good
Median household income$92,000

ON: $91,000 · Canada: $84,000 · 2006: $74,898 · 2016: $82,343 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)3.5%

ON: 5.8% · Canada: 5.2% · 2016: 3.9% · Statistics Canada, 2021

Unemployment rate6.8%

ON: 12.2% · Canada: 10.3% · 2006: 6.4% · 2016: 7% · Statistics Canada, 2021

Sources

Adapted from Statistics Canada, Census of Population 2021 (Census Profile). This does not constitute an endorsement by Statistics Canada.

Adapted from CMHC, Rental Market Survey / Housing Market Information Portal. This does not constitute an endorsement by CMHC.